If we didnt know the value of money, then youll never truly know how much you have, you could see that lettuce is "1.00" and all you have are pennies, but to you, its one peny which you would be disappionted to find out that you dont have enough at all. knowing the value of money is extremely important
Answer:
Total unit cost= $736.5
Explanation:
Giving the following information:
Units in beginning inventory 0
Units produced 20,000
Units sold 17,000
Units in ending inventory 3,000
Variable costs per unit:
Direct materials $160
Direct labor $470
Variable manufacturing overhead $58
Variable selling and administrative$25
Fixed costs:
Fixed manufacturing overhead $970,000
Fixed selling and administrative $570,000
Absorption costing:
Variable direct material= 160
Direct labor= 470
Variable manufacturing overhead= 58
Fixed MOH= 970000/20000= 48.5
Total unit cost= $736.5
Answer:
a. Average total cost minus average fixed cost.
Explanation:
- Total cost of production (TC) can be expressed as the sum of two elements: total fixed cost (F) -those cost that do not vary with output level - and total variable cost (V) - which are those cost that vary with the level of production.
- Average total cost (ATC) is simply the division of total cost by the output produced (Q): .
- Average variable cost (AVC) is the division of variable cost by the output produced: .
- Then, average variable cost can be obtained by :
- dividing the total variable cost by output (option c) or
- subtracting to average total cost the fixed average cost (), (option a).
Answer:
They are problems caused by failures in systems, procedures, and policies.
Answer:
The answer is: $0.15
Explanation:
In a perfectly competitive industry, the price of a good or service is always equal to the marginal revenue for the suppliers. In this case, the price for candy canes is $0.10.
If the price of candy canes' inputs increases by $0.05, then the new price of candy canes will be $0.15 ($0.10 + $0.05).